https://www.taxtmi.com/caselaws?id=782211 A revisional authority under Section 264 of the Income-tax Act cannot deny relief merely because a related issue is pending before the Supreme Court when the matter is already covered by binding precedent in the assessee's own case and other applicable decisions. The Delhi HC held that such pendency did not justify withholding relief where the legal position was already concluded for the assessee. The impugned revisional order was therefore unsustainable and was set aside, the revision application was allowed, and consequential action was directed in accordance with law. en-us Fri, 14 Nov 2025 00:00:00 +0530 Wed, 26 Nov 2025 08:43:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782211 A revisional authority under Section 264 of the Income-tax Act cannot deny relief merely because a related issue is pending before the Supreme Court when the matter is already covered by binding precedent in the assessee's own case and other applicable decisions. The Delhi HC held that such pendency did not justify withholding relief where the legal position was already concluded for the assessee. The impugned revisional order was therefore unsustainable and was set aside, the revision application was allowed, and consequential action was directed in accordance with law. Case-Laws Income Tax Fri, 14 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782211